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MSNBC
Nov 13, 2012 12:00pm PST
and spending cuts would have a major effect on the u.s. economy. 44% say it would have a major effect on their own financial situation. and there's little confidence both sides can work together and find a compromise. only 38% say the president and congress will reach an agreement. as we continue to take a serious look at the issues facing the country, today the issue is taxes. we've got the alternative minimum tax, child tax credit, estate tax, it's a mess of taxes set to expire. what are we left to do when they do? let's bring in dan gross, columnist and global news editor for "daily beast." they talked about this democrats coming around to a romney/obama idea to raise taxes on the rich indirectly by capping deductions at $35,000. third way likes the plan and says it could raise $1.3 trillion in ten years without raising rates, but they want to excluz charitable giving. what do you think about that plan? >> people say the democrats are terrible at negotiating, this is exhibit a. this was the romney plan. he was saying toward the end of his campaign, forget about cutting rates. we'll
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